|
Seoul, Aug 2 (IANS) South Korean game developer Netmarble said on Monday it plans to acquire Hong-Kong based social casino game company SpinX Games in a deal estimated at $2.1 billion.
Under the plan, the South Korean company will purchase a 100 percent stake in Cayman Island-based Leonardo Interactive Holdings Ltd., which fully owns the social casino game developer.
SpinX Games, established in 2014, operates various types of mobile casino content, including slot machine games.
The deal is expected to be completed in September, reports Yonhap news agency.
Netmarble has been seeking to diversify its portfolio, acquiring U.S.-based game developer Kabam Inc. in a deal estimated at 1 trillion won (US$868 million) in 2016.
"On top of the mainstay role-playing game content, the company has diversified its portfolio by adding other casual gaming content. The move will bolster the company's global competitiveness," Lee Seung-Won, who heads Netmarble, said in a statement.
--IANS
na/
Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.
|
